SAN JOSE, Calif.--(BUSINESS WIRE)--
8x8, Inc. (NASDAQ:EGHT), the leading
provider of global Enterprise Communications as a Service (ECaaS), today
announced that it's gaining significant momentum with mid-market and
enterprise customers and increasing its international footprint, with
leading brands including MOBI, OFX
and Roberts Home Medical
selecting 8x8 as their cloud communications solution of choice.

"We remain in the early stages of a tremendous market opportunity," says
Vik Verma, 8x8 CEO. "Just 3% of mid-sized and enterprise companies
globally have transitioned so far to the cloud, and many are on the
cusp. 8x8 has the strength of our core technology, years of experience
operating a secure and reliable network and deep familiarity with the
requirements of businesses of all sizes. As such, we are well positioned
to continue leading the charge as more and more multinational
enterprises transition to our solutions."

According to Gartner, the mid-market and enterprise segments in the US
are forecasted to see the highest growth going forward at 25% and 40% -
45%, respectively.

The Time for Enterprise Communications as a
Service is Now

8x8 is capitalizing on this trend. Its customer base has evolved to
having more than 50 percent of its service revenue today coming from
mid-market and enterprise customers. That's up from 42% a year ago. New
monthly recurring revenue (MRR) sold to mid-market and enterprise
customers and by channel sales teams increased 94% year-over-year and
accounted for 58% of total new MRR booked in the company's last fiscal
quarter (Q3). In addition, 37 of 8x8's top 50 customers subscribe to
both its core solutions - Virtual Office (VO) and Virtual Contact Center
(VCC), a key differentiator for the company.

This is a leading indicator of the company's ability to attract, and
rapidly onboard the largest, most discerning businesses that have
decided to abandon their costly and cumbersome premises-based
communications infrastructure in favor of 8x8's cloud-based alternative.
With 8x8, businesses experience productivity gains via an integrated,
feature-rich solution, and realize operational advantages by working
with a single, global provider. This gives them significant cost savings
which, in some cases, adds up to millions of dollars per year, as
compared to their prior communications systems, and a single predictable
bill at the end of each month.

"This is an exciting time in our industry and many customers and service
providers alike will benefit from the technological shift to cloud-based
communications that is now taking place," 8x8's Verma says.

8x8 is seeing continued strong traction with global mid-market and
enterprise customers across retail, manufacturing, technology and
services.

MOBI, a cloud-based managed mobility service provider,
transitioned from its on-premises communications solution to 8x8 VO
and VCC. With 8x8, MOBI now has an integrated platform with advanced
features and functionality to help ensure critical business continuity.

OFX, a global foreign exchange company headquartered in Sydney,
Australia transitioned from its on-premises solution to 8x8 VO and VCC
to deliver enhanced 24/7 customer experiences. The company chose 8x8
for its integrated platform, single reporting interface and
predictable costs.

Roberts Home Medical, a leading regional home medical supplier,
transitioned from its on-premises solution to 8x8 VO and VCC across 12
locations. 8x8 was the only vendor that offered an integrated solution
with HIPAA compliance.

The Leading Solution for Enterprise
Communications as a Service

8x8's innovative ECaaS solution brings all real time communications and
contact center services together into one integrated cloud platform,
delivering continuous communications experiences from desktop to mobile.
These solutions enable companies of all sizes to solve critical business
needs and modernize their infrastructure with world-class business
communications, contact center solutions, conferencing,
collaboration and advanced analytics.

Supporting Customer Quotes

"8x8's business model is similar to ours and thus integrates seamlessly
with our cloud-based platform, providing scalability across any
geography. We are impressed with the company's integrated contact center
and telephony services, and its ability to provide direct support," said
Mitch Black, MOBI President. "This made 8x8 a great fit for MOBI as we
continue to scale and enable our enterprise customers to unlock the
potential of enterprise mobility around the world."

"With offices and customers all over the world, we needed a
communications partner that could scale with our rapid growth and
‘follow the sun service model' without incurring expensive call charges
and maintenance fees," said Ryan Orsmond, Solutions Architect at OFX.
"We had two options - either undertake an expensive upgrade to our
existing on-premises environment or transition to a cloud-based
solution. We decided to go the cloud communications route for its
increased flexibility and scalability. Working with CSG, a key 8x8
partner in Australia, we selected the company's industry leading,
integrated contact center and unified communications solution that works
seamlessly across the Internet as we grow our international client base."

About 8x8, Inc.

8x8, Inc. (NASDAQ:EGHT) is the trusted provider of secure and reliable
enterprise cloud communications solutions to more than 40,000 businesses
operating in over 100 countries across six continents. 8x8's
out-of-the-box cloud solutions replace traditional on-premises PBX
hardware and software-based systems with a flexible and scalable
Software as a Service (SaaS) alternative, encompassing cloud business
phone service, contact center solutions, and conferencing. For
additional information, visit www.8x8.com,
www.8x8.com/UK or connect with 8x8
on LinkedIn, Twitter,
Google+ and Facebook.

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